Tubacex SA (Spain) Market Value
| TUB Stock | EUR 3.30 0.07 2.08% |
| Symbol | Tubacex |
Tubacex SA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Tubacex SA's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Tubacex SA.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Tubacex SA on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Tubacex SA or generate 0.0% return on investment in Tubacex SA over 720 days. Tubacex SA is related to or competes with Acerinox, and . Tubacex, S.A., together with its subsidiaries, manufactures and sells stainless steel and high-nickel alloy tubes and pi... More
Tubacex SA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Tubacex SA's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Tubacex SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.0557 | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 3.39 |
Tubacex SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tubacex SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tubacex SA's standard deviation. In reality, there are many statistical measures that can use Tubacex SA historical prices to predict the future Tubacex SA's volatility.| Risk Adjusted Performance | 0.1038 | |||
| Jensen Alpha | 0.1103 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0709 | |||
| Treynor Ratio | 0.2408 |
Tubacex SA Backtested Returns
At this point, Tubacex SA is slightly risky. Tubacex SA owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tubacex SA, which you can use to evaluate the volatility of the company. Please validate Tubacex SA's Semi Deviation of 1.13, risk adjusted performance of 0.1038, and Coefficient Of Variation of 779.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. Tubacex SA has a performance score of 8 on a scale of 0 to 100. The entity has a beta of 0.9, which indicates possible diversification benefits within a given portfolio. Tubacex SA returns are very sensitive to returns on the market. As the market goes up or down, Tubacex SA is expected to follow. Tubacex SA right now has a risk of 1.82%. Please validate Tubacex SA downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to decide if Tubacex SA will be following its existing price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Tubacex SA has poor reverse predictability. Overlapping area represents the amount of predictability between Tubacex SA time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tubacex SA price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Tubacex SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Tubacex SA lagged returns against current returns
Autocorrelation, which is Tubacex SA stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Tubacex SA's stock expected returns. We can calculate the autocorrelation of Tubacex SA returns to help us make a trade decision. For example, suppose you find that Tubacex SA has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Tubacex SA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Tubacex SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tubacex SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tubacex SA stock over time.
Current vs Lagged Prices |
| Timeline |
Tubacex SA Lagged Returns
When evaluating Tubacex SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tubacex SA stock have on its future price. Tubacex SA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Tubacex SA autocorrelation shows the relationship between Tubacex SA stock current value and its past values and can show if there is a momentum factor associated with investing in Tubacex SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Tubacex Stock
Tubacex SA financial ratios help investors to determine whether Tubacex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tubacex with respect to the benefits of owning Tubacex SA security.